I bought this table on TradeMe. Score!
It's mostly stripped now (using Citrustrip paint stripper and a great little tungsten scraper).
I'm hoping to sand it this weekend (with Emily's Festool sander - so much easier).
After a good sanding, I think it will rub up nicely with a few layers of Tung Oil.
We haven't decided where this will go yet, but probably in the hallway, for flowers.